Business, 14.03.2020 04:12, teethebeast

At December 31, Tremble Music had account balances in Accounts Receivable of $300,000 and in Allowance for Uncollectible Accounts of $1,000 (debit) before any adjustments. An analysis of Tremble's December 31 accounts receivable suggests that 5% of the account balances are not expected to be collected. The balance of Allowance for Uncollectible Accounts after adjustment will be:
A. $1,000
B. $16,000
C. $14,000
D. $15,000

Answers: 2

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At December 31, Tremble Music had account balances in Accounts Receivable of $300,000 and in Allowan...